LME price continues to range trade, China’s primary production booms
1. LME price close at $... per mton, still unable to break away from range.
2. ALERT! - ALUMINUM PRODUCTION. BRISK EXPANSION: China’s primary aluminum production booming.
3. China’s aluminum price up but capped by technical resistance.
4. ALERT! – US SLAB. SLAB ALSO BEARISH? North American offshore slab imports may weaken in 2023.
5. LME Cash–3M contango at widest in two weeks as conditions continue to ease after December.